Replies to This Discussion

Permalink Reply by Christina ONeal on February 4, 2012 at 4:59am

Hi Tni,  Wachovia/Wells files are handled differently (at least in my area).  I have a local Wells person that is assigned to a couple counties here in California.  He has this Fast Track form that is what you need to get started.  Their paperwork requirements are minimal & I wish Wells Fargo followed the way Wachovia does it.  This Fast Track thing means you will get a decision within 10 days.  I had a hiccup recently where it took longer, because my clients Wachovia loan was a "Fannie Mae" which changed the process.  We couldn't go the Fast Track Way.  My suggestion, is find an actual branch near you that is "Wells Fargo Home Mortgage" (not the bank) & try to figure out if that branch was an old Wachovia one.  That's who you need.  Hope that helps.  I attached the "Fast Track" form for you.

Attachments:

• Fast Track Short Sale Req Form (1).doc, 31 KB

Permalink Reply by Tni LeBlanc (805) 878-9879 on February 4, 2012 at 6:02am

Christina -

You are awesome!  Wow the Superstars really came through for me on this one. 

I really appreciate it! 

Tni

Permalink Reply by Anna "Banana" Kruchten on February 4, 2012 at 6:25am

Tni we also have one gal that handles all the Wachovia files.  And it's much easier and hardly and red tape as well with these files.  Once you find the right person I think it's going to go smoothly. You'll wish all your files were Wachovia files.

Permalink Reply by Tni LeBlanc (805) 878-9879 on February 4, 2012 at 10:19am

Thanks Anna, 

I've heard they have a great process I have no idea why they are being so secretive about it!  LOL.

I'll report back on my experience.

Tni

 

Permalink Reply by Paddee leischner on February 5, 2012 at 5:50am

Tni -

Contact -

Pierre Gelinas

Short Sale Manager

[email protected]

He is on vacation until 2.13

Good Luck

Permalink Reply by Tni LeBlanc (805) 878-9879 on February 5, 2012 at 7:12am

Thanks Paddee! 

If I've made no progress by the 2/13, I will definitely contact him.

I appreciate the info.

Permalink Reply by Stephanie Hart CA 310-930-2342 on April 5, 2012 at 9:09am

How are things going with your wells/wachovia? Any progress? I hear they are very back logged? I have one that has been assigned about 8 days out on the 10 day reponse now but CS has stated they are very behind. Just checking tosee if things sped up for you after this post?

Permalink Reply by Tni LeBlanc (805) 878-9879 on April 5, 2012 at 9:20am

Thanks for the note.  I meant to come back an update this post.  I just closed this short sale yesterday.  Wells Fargo started off with a bang and ended with a whimper. 

They had a problem with a middle initial missing in one part of the contract and said the buyer's signature didn't match his name (huh?) and honestly I feel like those two issues cost us a month even though they were "corrected" in one day, so they were more like excuses because they were backed up. 

It took about 53 days to get approval.  Not impressive at all.  They were up front at the beginning that the 10 day thing  was not going to happen and said 30 days and then came back and kept adding 10 day increments.  We did have to escalate and get the file re-assigned to get it approved.  It was not so impressive.  It closed quickly after that because the buyer was all cash.